Friday, October 11, 2013

News Bits | 11 October 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  IPO Note: UMWOG
l  Sector Update: Plantation
l  Quick Bites: MBSB
l  On Our Portfolio: Adding to the Thematic and Growth Portfolios
l  On Our Technical Watch: DIALOG, PANTECH
l  Economic Viewpoint: Adding to the Thematic and Growth Portfolios
 
NEWS HIGHLIGHTS
l  MMC-Mudajaya to clinch road job?
l  Zelan raises RM18.3m from sale of IJM Corp shares
l  Wong Shee Kai emerges in Bright Packaging with 22.7% stake
l  TNB scraps bid for Ireland’s Bord Gais unit
l  No cost overruns for Klang Valley MRT Line 1 project
Eversendai to continue to focus on Middle East marketFOREIGN NEWS HIGHLIGHTS           
l  Samsung set for USD1.4b windfall after Seagate stock sale
l  Westpac agrees to buy Lloyds' Australian assets for USD1.4b
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l  Production In The Month Of August Expanded By 2.3% YoY
l  IMF: Malaysia Among Most Resilient
Asia
l  Japan's August Machinery Orders Bodes Well For Durable Recovery
l  Japanese Selling Off Record Foreign Bonds
l  Kuroda Says BoJ Prepared To Do What’s Necessary On Deflation
l  Korea Central Bank Holds Rates, Eyes US Impasse
USA
l  Jobless-Claims Jump Flashes U.S. Shutdown Warning
l  US Republicans Make Temporary Debt-Ceiling Offer
Europe
l  Bank Of England Keeps UK Interest Rates At 0.5%
l  Draghi Says ECB Guidance Allows Rate Cuts On Volatility
l  Sweden Inflation Unexpectedly Holds As Industrial Output Slumps
Currencies
l  Chinese, European Central Banks In Currency Swap Deal
l  Dollar Jumps To Highest Level Vs. Yen In Shutdown
Commodities
l  Brent Steadies Above $109 After Steep Overnight Losses
l  Gold Falls 1.3 Pct On Hopes Of U.S. Deal To Avert Default